IFPI report: subscription audio streaming revenue grew 10.3% to $12.7B in 2022, with 589M subs at the end of the year; total streaming grew 11.5% to $17.5B

IFPI report: subscription audio streaming revenue grew 10.3% to $12.7B in 2022, with 589M subs at the end of the year; total streaming grew 11.5% to $17.5B

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Global recorded-music revenue growth slowed down dramatically in 2022 but still was up 9% according to the year-end report from the International Federation of the Phonographic Industry’s released Tuesday. While 2021 saw an 18.5% growth, largely due to an increase in streaming numbers as the world…

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